How to create tremendous luck at all times

1. Expand your network.Plain and simple, the number of opportunities you will be exposed to will be determined by the size and quality of your network. The more influential people you know, the more opportunities will come your way.Now I’m not saying you should look at every person you meet with dollar signs in your eyes. That’s the fastest way to make a bad impression. Instead, work on being more outgoing, friendly, and helpful. Meet as many people as you can, and find ways to add value to the lives of those you find interesting. In addition, develop strategies to keep in touch and keep adding value to their lives. What will happen, and this never fails, is that they will bring you opportunities that will transform your life.

2. Expect to succeed.It is an absolute fact that there never is a lack of opportunity. Even in the most difficult of times, you had more potential opportunities than you could have ever acted on. The problem was that you were not noticing them.Your expectations are critical. Lucky people expect great things to happen to them, and unlucky people expect to be unlucky. Both fulfill their expectations. In a study done in the UK, lucky people almost always found money placed in their paths, while unlucky people walked right past the money without even noticing it. The opportunity was the same for both, but the expectations of the lucky people trained their brains to spot it.

3. Trust your intuition.People who are lucky in business, investing, and even in love have something in common: They listen to their gut instincts.Your intuition is your subconscious mind trying to communicate with you. It does so by creating a feeling in your stomach or heart. This feeling is meant to guide you in the right direction - and lucky people heed it. Unlucky people, on the other hand, often ignore their gut instincts and act based on fear, greed, or some other negative emotion. Those are actions they almost always regret.Have you ever noticed that your gut instincts are usually right? The former CEO of GE, Jack Welch, even wrote a book titled Straight From the Gut in which he said leaders should make decisions based on intuition.

4. Turn bad luck into good luck.There are two sides to every situation, a good side and a bad side. The side you see depends upon the way you look at it. Lucky people have a knack for seeing the good, even in the worst circumstances. This creates opportunities out of the ashes of disappointment.Okay. I’ve given you four things to focus on that I guarantee will generate more luck for you.
The question is, will you apply them? If you do, and do it consistently, you will get to live the life most people only dream about.I’m not saying this is going to happen overnight (though it might). But if you give it time, it will happen!

slash your tax bill with your new home business

Before you register as a sole proprietor, you must consider two facts about the legal relationship with your client. You see, your client is not required by the Income Tax Act to withhold employees’ tax (PAYE) from money they owe you if you are an independent contractor. The only exceptions are when:

* your services must be performed mainly at the client’s premises, and

* you are subject to the supervision and control of your client as to the manner in which your duties are performed or as to your hours of work.

If you employ three or more employees on a full time basis (excluding relatives) throughout the year, your client may not under any circumstances deduct PAYE from the money they owe you. Why operating as a sole proprietor will help you avoid the 80% rule If 80% or more of your income is from one client you should definitely be operating as a sole proprietor.

If you operate as a close corporation, company or business trust, your client has to withhold PAYE when more than 80% of your income comes directly or indirectly from any one client. But the 80% rule doesn’t apply to you if you operate as a sole proprietor. Claim these business expenses and bank more money each month If you work from home through a close corporation, company or trust, the taxman sees the entity as a personal service company or trust. So you won’t be allowed to claim your home office expenses as the premises and business assets are not used wholly and exclusively for business purposes.

But as a sole proprietor you can claim a tax deduction for all expenditure incurred in the production of your income. If you work from home, you can claim a deduction on your direct and indirect business expenses. A direct expense would be something like the purchase of a fax machine, while an indirect expense would be travel costs for business purposes. Earn interest while you wait to pay tax… If you draw a salary from a close corporation, company or trust, you must pay PAYE on that salary by no later than the 7th day of the following month.

As a sole proprietor, you are only required to pay provisional tax every six months on the taxable income generated over the period i.e. after the deduction of your business related expenses. This gives you a huge cash flow advantage to protect you against the harsh realities of fluctuating earnings. Plus, you’ll be able to earn interest on your earnings while you pay to SARS. Compliance is easier and cheaper As a sole proprietor, working from home, with no employees, you don’t have to submit monthly PAYE, SDL and UIF returns to SARS. If your turnover is more than R300,000 per annum, you only have to submit VAT returns bimonthly.

You are also not required to engage the services of an accounting officer as is the case with a close corporation and an auditor in the case of a company.Remember, making your new business a success is hard enough. Operating as a sole proprietor will help reduce your operational costs while you enjoy the tax benefit of deducting your home office expenditure.